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Get your taxes done using TurboTax
If left to an estate, there is no reason for the estate to pay estate tax rates. The account is passed to the heirs who will pay any taxes at individual rates. The only reason for the estate to pay any taxes is if the probate is open so long that the estate must take an RMD. There's no reason for the estate to withdraw all the money, that's bad planning by the executor.
‎September 8, 2022
2:38 PM